Real Property Administration (Assessment and Appraisal)
|Duration:||4 Semesters (2 Years)|
|Start Dates:||Fall, |
Start dates are subject to change
|Credential Awarded:||Ontario College Diploma|
The first semester of the Real Property Administration diploma program acquaints you with introductory courses in property valuation, financing, and real estate appraisal. Subsequent semesters cover aspects of property law, appraising, municipal taxation and urban planning, property assessment and taxation, automated costing, geographical information systems, statistics and construction techniques. You will receive training in the most up–to–date assessment software used in the industry. You will register into courses associated with professional designations at an additional cost.
Program Learning Outcomes:
This Seneca College program meets the system-wide standards as set by the Ministry of Training, Colleges and Universities.
As a graduate, you will be prepared to reliably demonstrate the ability to:
- Solve financial problems, make business decisions.
- Analyze financial statements.
- Understand and interpret basic building trade blueprints.
- Develop observation and investigation skills with relationship to the real estate market.
- Develop appraisal skills of specific properties and utilizing select appraisal techniques.
- Understand and interpret several provincial Acts; i.e. Assessment and Planning Act.
- Apply several advanced computer applications including MS-DOS LOTUS 1-2-3, dBase III, WordPerfect 5.0, etc.
- Understand mortgage law and apply the techniques of mortgage financing.
- Acquire an understanding of the basic concepts of real property law and real estate practice.
- Acquire the skills and procedures to conduct an entire title search on real property in Ontario.
- Acquire the necessary skills to valuate property and determine their equitable assessments for taxation purposes in Ontario.
- Acquire the ability to utilize the tools of short and long range planning in reference to the day to day management of revenue producing properties so that management may plan for future development.
- Understand the development of a city, the problems that have arisen as a result of growth and explore solutions which have been attempted to offset problems of urban areas today.
- Acquire the integration of theoretical knowledge and skills through practical experiences. (Field Placement)
- Acquire an understanding surrounding the power of legislature to control land use in Ontario.
- Understand terminology, legal requirements, documents, methodology and administration in the real estate industry.
Essential Employability Skills:
Graduates of this program are also expected to demonstrate the essential employability skills learning outcomes as outlined on the Ministry of Training, College and Universities website.
- Ontario Secondary School Diploma (OSSD) or equivalent with:
- Grade 12 English: ENG4(C) or ENG4(U)
- Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics (U) or (M)
- OR Mature Student Status (age 19 or older) with the above prerequisite course(s), their equivalent(s), or appropriate Academic and Career Entrance (ACE) Certificate program credits (see Academic Upgrading).
- Although not required for admission, basic computer skills are suggested and strong English communication skills are recommended (verbal, written, and listening).
The Importance of Learning Skills:
Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well-organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills. Seminars, workshops and tutoring are available at Seneca's Learning Centres.
Fast–track to a career as an assessor of residential and commercial properties in the public and private sectors. You may also find employment opportunities in insurance companies, appraisal offices, municipalities, corporate tax offices and property tax agent firms as you build your career as a property appraiser, tax agent or leasing assistant.
Your career advantage will be enhanced through the portability and recognition of the Seneca diploma in assessment jurisdictions across Canada.
As a student of RPA, you’ll be eligible for professional accreditation with the Institute of Municipal Assessors (AIMA Designation), and with the Appraisal Institute of Canada (CRA Designation) if you’ve completed a university degree. Awards for academic excellence are provided by professional organizations and employers in recognition and support of the program.
Upon graduation, you’ll receive both the Real Property Administration Diploma and a joint Real Property Assessment Certificate from Seneca College and the Real Estate Division of the Faculty of Commerce and Business Administration of the University of British Columbia.
You may also receive valuable industry insight through training and education with organizations such as the Municipal Property Assessment Corporation and the Assessment Review Board.
UBC Certificate Courses
- RPA112 Appraisal of Real Estate
- RPA115 Mortgage Underwriting
- RPA212 Real Estate Investment Analysis and Advanced Income Appraisal
- RPA304 Advanced Real Property Assessment I
- RPA307 Statistical and Computer Applications in Valuation
A final grade of 'C' is required in each course.
The RPA program includes a field placement, which you will complete with an employer in the real property industry. The duration and nature of the work placement will vary. It will entail block placements which include the study week. Purchase of a text book may be required for field placement.
To be eligible for FPL 355 you must successfully complete semesters one and two; for FPL 455 you must successfully complete semesters one, two and three.
Diploma to Degree ...and Beyond
Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following post-secondary institution(s):
|Wilfrid Laurier University - Brantford Campus||• Honours Bachelor of Arts|
|Athabasca University||• Bachelor of Management|
• Bachelor of Commerce
|University of British Columbia||• Certificate in Real Property Assessment|
• Bachelor of Business in Real Estate (BBRE)
Important Academic Dates
Please take a few moments to view Important Academic Dates for your relevant semester.
|Semester 1||Course Name||Hrs/Wk|
|RPA106||Introduction to Computer Software Applications||1|
|RPA112||The Appraisal of Real Estate||4|
|RPA120||Principles of Microeconomics||3|
|XXXXXX||General Education Option||3|
|Semester 2||Course Name||Hrs/Wk|
|RPA206||Advanced Computer Software Applications||3|
|RPA207||Introduction to Real Estate Law||3|
|RPA210||Municipal Tax Administration||3|
|RPA212||Real Estate Investment Analysis and Advanced Income Appraisal||4|
|XXXXXX||General Education Option||3|
|Semester 3||Course Name||Hrs/Wk|
|CSP201||Communication Skills for Public Administration||3|
|RPA303||Planning and Urban Development||3|
|RPA304||Advanced Real Property Assessment I||3|
|RPA306||Construction and Cost Techniques||3|
|RPA307||Statistical and Computer Applications in Valuation||4|
|XXXXXX||General Education Option||3|
|FPL355||Field Placement I|
|Semester 4||Course Name||Hrs/Wk|
|RPA415||Professional Issues in the Assessment Industry||3|
|RPA422||Residential Data Collection||5|
|FPL455||Field Placement II|
Prior learning experience may be recognized by way of a challenge exam or through documentation of related experience.
|Domestic Admissions Advisor:||Shanda Reid
Telephone: (416) 491-5050 Ext. 22805
|International Admissions Advisor:||Valentyna Gorodovych
Telephone: (416) 491-5050 Ext. 22432
|Registration & Records Advisor:|
Telephone: (416) 491-5050 Ext. 22471
|Program Coordinator:||Mark Leavens
Telephone: (416) 491-5050 Ext. 26390
|Program Chair:||Wanda Forsythe
Telephone: (416) 491-5050 Ext. 22745